Zusatztext "Best book about the financial crisis yet" Informationen zum Autor Neil Barofsky served as the Special Inspector General in charge of overseeing TARP from December 2008 until March 2011. For eight years prior, he was a federal prosecutor in the US Attorney's Office for the Southern District of New York, during which time he headed the Mortgage Fraud Group. Currently, Neil Barofsky is a senior fellow at New York University School of Law. An alum of the University of Pennsylvania and the New York University School of Law, this is his first book. Klappentext "Bailout is a jaw-dropping play-by-play of how the Treasury Department bungled the financial bailouts...With a prosecutor's logic and copious footnotes, Barofsky makes it clear that things are rarely what they seem in Washington.USA TODAYAt the height of the financial crisis in 2008, Neil Barofsky gave up his job as a prosecutor in the esteemed US Attorney's Office in New York City, where he had convicted drug kingpins, Wall Street executives, and perpetrators of mortgage fraud, to become the inspector general in charge of overseeing administration of the bailout money. From the onset, his efforts to protect against fraud and to hold big banks accountable for how they spent taxpayer money were met with outright hostility from Treasury officials in charge of the bailouts. In this bracing, page-turning account Barofsky offers an insider's perspective on the mishandling of the $700 billion TARP (Troubled Asset Relief Program) bailout fund. With vivid behind-the-scenes detail, he reveals the extreme lengths to which our government officials were willing to go in order to serve the interests of Wall Street firms at the expense of the broader publicand at the expense of effective financial reform. Bailout is a riveting account of Barovsky's plunge into the political meat grinder of Washington, as well as a vital revelation of just how captured by Wall Street our political system is and why the too-big-to-fail banks have become even bigger and more dangerous in the wake of the crisis.Bailout FOREWORD TO THE PAPERBACK EDITION IN WRITING BAILOUT, I was given the opportunity to relive the tumultuous twenty-seven months of my life that are recounted in the pages that follow. It was a harrowing time, both for me and for the country, but it was an experience I will always treasure. As a line prosecutor in Manhattan, I never dreamed I would have the opportunity to serve my country at such a crucial time, and while I certainly had more than my fair share of setbacks, I believe that the work we did at the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) played an important role in protecting TARP from greater abuse and in bringing to justice those who sought to criminally profit from it. Although I was initially reluctant to take the job in Washington, I felt it was my duty, and I felt a similar call to write this book, in order to bring attention to what I saw as a hijacking of both the bailouts and the government itself by a handful of Wall Street financial institutions and their executives. I saw how they were able to exert their power and influence to protect and reinforce a dangerous status quo that worked brilliantly for them but has left the rest of the country behind. In writing this book, I wanted to send a warning about what I see as a treacherous future given the banks' continued dominance. Events that have happened since I finished the original hardcover version have unfortunately only further confirmed my fears about where we are headed as a country if we continue to ignore the dangers presented by banks deemed too big to fail. Specifically, in the past several months we have seen a parade of banking scandals tha...

"Best book about the financial crisis yet"

Auteur

Neil Barofsky served as the Special Inspector General in charge of overseeing TARP from December 2008 until March 2011. For eight years prior, he was a federal prosecutor in the US Attorney's Office for the Southern District of New York, during which time he headed the Mortgage Fraud Group. Currently, Neil Barofsky is a senior fellow at New York University School of Law. An alum of the University of Pennsylvania and the New York University School of Law, this is his first book.

Texte du rabat

"*Bailout is a jaw-dropping play-by-play of how the Treasury Department bungled the financial bailouts...With a prosecutor's logic and copious footnotes, Barofsky makes it clear that things are rarely what they seem in Washington.”—*USA TODAY At the height of the financial crisis in 2008, Neil Barofsky gave up his job as a prosecutor in the esteemed US Attorney's Office in New York City, where he had convicted drug kingpins, Wall Street executives, and perpetrators of mortgage fraud, to become the inspector general in charge of overseeing administration of the bailout money. From the onset, his efforts to protect against fraud and to hold big banks accountable for how they spent taxpayer money were met with outright hostility from Treasury officials in charge of the bailouts. In this bracing, page-turning account Barofsky offers an insider's perspective on the mishandling of the $700 billion TARP (Troubled Asset Relief Program) bailout fund. With vivid behind-the-scenes detail, he reveals the extreme lengths to which our government officials were willing to go in order to serve the interests of Wall Street firms at the expense of the broader public—and at the expense of effective financial reform. *Bailout is a riveting account of Barovsky's plunge into the political meat grinder of Washington, as well as a vital revelation of just how captured by Wall Street our political system is and why the too-big-to-fail banks have become even bigger and more dangerous in the wake of the crisis.

Résumé

8220;Bailout is a jaw-dropping play-by-play of how the Treasury Department bungled the financial bailouts…With a prosecutor’s logic and copious footnotes, Barofsky makes it clear that things are rarely what they seem in Washington.”—USA TODAY

At the height of the financial crisis in 2008, Neil Barofsky gave up his job as a prosecutor in the esteemed US Attorney’s Office in New York City, where he had convicted drug kingpins, Wall Street executives, and perpetrators of mortgage fraud, to become the inspector general in charge of overseeing administration of the bailout money. From the onset, his efforts to protect against fraud and to hold big banks accountable for how they spent taxpayer money were met with outright hostility from Treasury officials in charge of the bailouts.

In this bracing, page-turning account Barofsky offers an insider’s perspective on the mishandling of the $700 billion TARP (Troubled Asset Relief Program) bailout fund. With vivid behind-the-scenes detail, he reveals the extreme lengths to which our government officials were willing to go in order to serve the interests of Wall Street firms at the expense of the broader public—and at the expense of effective financial reform.

Bailout* is a riveting account of Barovsky’s plunge into the political meat grinder of Washington, as well as a vital revelation of just how captured by Wall Street our political system is and why the too-big-to-fail banks have become even bigger and more dangerous in the wake of the crisis.

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Bailout
FOREWORD TO THE PAPERBACK EDITION

IN WRITING BAILOUT, I was given the opportunity to relive the tumultuous twenty-seven months of my life that are recounted in the pages that follow. It was a harrowing time, both for me and for the country, but it was an experience I will always treasure. As a line prosecutor in Manhattan, I never dreamed I would have the opportunity to serve my country at such a crucial time, and while I ce…